FPL, NextEnergy report profit increases

January 29, 2013|News Service of Florida

Pointing to upgrade projects at some of its power plants, Florida Power & Light saw its profit grow 16 percent last year, to $1.24 billion, from $1.07 billion in 2011, the utility company said Tuesday.

FPL, the state's largest utility, with 4.6 million customers, including a half million in Central Florida, earned $2.96 a share in 2012, up from $2.55 a year earlier. It also saw a rise in its fourth-quarter profit to $256 million in 2012, compared with $216 million in the same year-ago period.

Its parent company, NextEra Energy Inc., had adjusted profit last year of $1.91 billion, or $4.57 a share, up from $4.39 a share in 2011.